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Billionaire Jia Yueting is narrowing his vision for LeEco's global expansion amid lackluster sales and the prospect of a cash crunch. The company entered the North American market in October with a splashy event in San Francisco, where it showed off an array of products, including ultra high-definition televisions, phones, virtual reality goggles and electric bikes. Yet LeEco generated US revenue of less than million last year after that October debut, compared with an original goal of 0 million, according to the person.

Both Alipay and WeChat Pay, which lead mobile payments in the mainland, entered Hong Kong last year, and have intensified market competition.

Blume said Porsche designed the all-new Panemera bearing in mind specific requirements of the Chinese customers in terms of comfort and dynamics.

Bilibili priced the offering of the convertible bonds worth 0 million and due April 1, 2026, which has become a increasingly popular approach for US-listed Chinese companies to solicit investment in capital markets, including Chinese online video giant iQIYI.

Biomedicine, AI companies flock to the Jiangsu-based commercial venue